China’s home appliance industry reports steady profit growth

China’s home appliance industry reported steady profit growth in the first 10 months of the year, according to the latest data from the Ministry of Industry and Information Technology.

Profits totaled 93.62 billion yuan (14.69 billion U.S. dollars), up 1.8 percent year on year, the ministry said.

Revenues hit 1.39 trillion yuan, jumping 18.9 percent year on year during the period.

China’s output of refrigerators rose 0.3 percent year on year to 74.12 million units during the 10-month period, while production of washing machines reached 69.69 million units, up 12.4 percent from a year earlier

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.